Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the
Month: January 2023
The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26. The initiative was motivated by the collapse of crypto exchange FTX and previous bankruptcy cases that “prompted a
The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon
Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts. In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD. Gold, Bitcoin inverse dollar correlation “without question” As the debate over how much
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities
Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes,
Bitcoin (BTC) has been consolidating near $23,000 for the past few days. The next big question troubling investors is whether the rally is over or if Bitcoin resume its recovery. The strong year-to-date rally in Bitcoin has turned several analysts bullish in the short term. They anticipate Bitcoin to extend its up-move and reach $25,000
Bitcoin mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC as a reward for their
De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in
press release PRESS RELEASE. (London, United Kingdom) – The operator of cryptocurrency purchases on the e-commerce market, PAYB.IO improves and expands its international operations. Their innovative solution allows cryptocurrency holders from around the world to use a multi shopping cart to place orders in multiple online stores simultaneously, saving time and streamlining the shopping process.
In this video we will be looking at: 0:00 – Intro 1:59 – The Crypto Market Insights 3:39 – Bitcoin Insights 4:32 – Ethereum Insights 5:55 – The Developers Favorite Crypto’s Are… 7:31 – The Best Up and Comers Are… 8:40 – Other Insights 10:25 – Summary Source: https://www.developerreport.com/developer-report ============= Recommended ============= 👉🏼 Get $10
Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter. In its latest Q4 results report on Jan. 25, Tesla’s financials show it neither bought or sold any of its Bitcoin for the second quarter in a
Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his 1.6 million Twitter followers on Jan. 25 asking them to avoid buying any Squiggles
Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price faces stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $22,500 after failing to crack resistance near five-month highs. U.S. stocks saw a weak
A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July. In orders filed with the United States Bankruptcy Court in the Southern District of New York on Jan. 25, Judge Martin Glenn denied a motion from Rebecca Gallagher, a Celsius
According to multiple sources, the Twitter account of Robinhood was allegedly hacked on Wednesday, Jan. 25, 2023. The account posted a tweet promoting a Binance Smart Chain token listed on the Pancakeswap decentralized exchange. An analysis of the situation on the blockchain shows that the token received fewer than $1,000 in purchases before Robinhood removed
Bitcoin investors’ sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies. On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC)
Porsche criticized for ‘low effort’ NFTs, ends mint early Car manufacturer Porsche had to cut short a nonfungible token (NFT) mint of its famous white 911 model only two days after the public mint started, saying its “holders have spoken.” The Jan. 23 launch was seen by some as a huge flop for Porsche with
The cryptocurrency community has raised flags about a new scam targeting XRP (XRP) investors through a fake staking program. Online fraudsters are impersonating major cryptocurrency firms like Ripple and Binance by creating fake websites and email imposters pretending to provide staking services for XRP. One such website includes a blog post titled “XRP staking set to
Artist name: Amber VittoriaLocation: Los AngelesDate minted first NFT: March 1, 2021Which blockchains? Ethereum, Tezos Bio: Before she even turned 30, Amber Vittoria had made a significant splash in the traditional art world with gigs with Gucci, Google, Adidas, Victoria’s Secret, Apple, L’Oréal Paris, Meta, Snapchat, VaynerMedia and The New York Times, Hailing from New
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